We need financial resources to rebuild our territories, which will come from Grand Duke Frederick Maik’s legacy of 1.3 trillion pounds. This money will help us to come together and rebuild the Grand Duchy into a place where we can all lead decent lives in the future.

However, this does not mean that we will inhabit a land of milk and honey, where everything grows on the trees and we only need to harvest our daily fruits.

No, it means we will all have to roll up our sleeves and pitch in with the construction. The legacy that Grand Duke Friedrich Maik has given to us all will only fulfil his intended purpose if we all work together. 

We can expand and rebuild agriculture and reforest the woodlands. 
We will be allowed to build independent schools and use new technologies.
We must view the healthcare system according to its original purpose and not allow people to get sicker and sicker.
We can grow healthy food and detoxify the soil.
We will be able to rebuild our shipyards and experience joy in everything we do.

Because only when we grasp that WE now have the chance to create all of this will we give life the chance to steer us in this new direction.

The transition is coming and the plan is in place. However, Grand Duke Friedrich Maik will refrain from publishing a detailed plan of future policies for security reasons.

The £1.3 trillion is our starting capital. 
Our task is to install a salubrious system to ensures that this amount is prudently managed and to generate value for our communities. For this to work, we will initially need a clear framework beginning that is feasible for everyone. There will be people who benefit from our launch and the associated transition from the old to the new system, and there will be people who would prefer alternative arrangements.
All in all, the provisions in place will never be right for everyone. But if we as a people understand what is possible with the new system in the period ahead, we will get closer to a state of dignified living. Because we are, after all, human beings and not headcount.

In future, there will be a 25% tax burden. This 25% is deducted from your gross salary, regardless of the amount you earn.

This 25% tax burden includes all 38 types of tax (VAT - private households, motor vehicle tax, petrol tax, tobacco tax, alcohol tax, dog tax, etc.). 
It also covers all types of insurance (household contents, liability, professional indemnity, residential buildings, health insurance, pension insurance, long-term care insurance, travel insurance, etc.) Regardless of whether people are employed or self-employed, they are all governed by standardised, fair and transparent regulations. 
Additional insurance is therefore no longer necessary. Everything is covered by the 25% tax burden.

We have our gold-backed currency, the ‘shilling’.
1 schilling is currently equivalent to around EUR 500. 
The denominations are 1 schilling, ¾ schilling, ½ schilling and ¼ schilling.
There is also a silver-backed currency, the thaler. Thalers are coins that can be used for small payments. 

Every person aged 21 and older will receive a main account from the Grand Ducal Bank located in the Grand Duchies of Mecklenburg-Strelitz, Mecklenburg-Schwerin and the Duchy of Pomerania. Their living wage is paid into this main account each month.

Everyone receives a Grand Ducal debit card to access their main account.

In addition, each person can set up a sub-account and opt to deposit or transfer the private funds they need for their daily requirements. 
This sub-account allows everyone to organise their lives and purchases etc. according to their preferences. All payments are settled using this personal debit card. 
The amounts for purchases etc. are charged to the sub-account using a debit card.

There are two types of living wage for everyone age 21 and over in the Grand Duchies of Mecklenburg-Strelitz, Mecklenburg-Schwerin and the Duchy of Pomerania.

Until they reach the age of 18, children, adolescents and young adults are fully financed by the Grand Duchies. This covers all costs incurred up to the age of 21 as basic care.

The following persons are eligible:
(* converting schillings into euros depends on the inflationary development of the euro in the system)
 
• All pensioners
The pension funds are empty and have been used up by previous governments. Pension contributions made over the years are therefore no longer available and the amounts can no longer be calculated.
  • Part-time workers
All part-time workers receive the same living wage, regardless of the number of hours they work per week. This means that employees working 10 hours a week receive the same living wage as those that work a 32-hour week.
 
• Parents raising children (parental leave)

• People with a disability who are unable to participate in the job market.

The following persons are eligible:
(* conversion from schilling to euro depends on the respective inflationary development of the euro in the system)

• The entire working population
This is a living wage. All employees who previously earned a higher income will be paid the difference or receive a top-up to their previous income.

Example: 
Income to date EUR 3,200.00 gross 
./. less the living wage of EUR 2,500.00 gross 
= Difference payment of EUR 700.00

The difference is paid by the respective employer.

People who are seeking to become self-employed receive a living wage of around EUR 2,500.00 gross from the Grand Duchy after submitting their business plan at the start of their self-employment. After one year, a review is conducted to determine how business has developed and whether the self-employed person intends to make a profit. If this is not guaranteed, the business must be dissolved and closed down. There are no subsidies for companies.

Child benefit is not applicable, as the children's upbringing is financially secured by the community/Grand Duchy. The children should grow up free and without constraints. The Grand Duchy therefore covers all costs that are necessary for the child's education and upbringing. 

There are no maintenance claims or payments.

The retirement age in the previous system currently applies until the new cut-off date.
 
During the transition, there will be a cut-off date from which the following retirement ages will apply: 
Retirement age for women – 60 years
Retirement age for men – 65 years

This may change at a later date.

Every pensioner receives a monthly living wage of around EUR 3,000.00* gross. 
Here, too, tax is levied at 25% of the gross amount. 

Riester pensions are cancelled.

(* conversion from schilling to euro depends on the respective inflationary development of the euro in the system)

Previous widow's pensions will continue to be paid until the 2nd life partner/surviving dependant ends.

Example: widow's pension

• Until now, a widow's pension has been EUR 1,600.00 gross. 
In this case, the amount is increased to approx. EUR 2,000.00 gross*.

• A widow's pension, for example, has been EUR 2,000.00 gross until now: 
In this case, the previous amount/widow's pension will be paid out in full. 
(In this case EUR 2,000.00 gross). In addition, the surviving dependant receives their living wage.

(* conversion from schilling to euro depends on the respective inflationary development of the euro in the system)

A company pension scheme will be paid out during the transitional period until a certain fixed cut-off date. This applies to all companies located in the Grand Duchies of Mecklenburg-Strelitz, Mecklenburg-Schwerin and the Duchy of Pomerania. 
Payments will be cancelled after the specified cut-off date.

Old-age pensions will be cancelled. They are adjusted to the normal pension amount. This means that there will be an adjustment in the living wage to around EUR 2,000.00 gross at retirement age.

Disability pension will be adjusted and harmonised with the pension payment. 
This means that a person who is unable to work will receive a basic income of around EUR 2,000,000 gross.

Social welfare will be cancelled – The relevant group will receive the living wage of approx. EUR 2,000.00 gross.

Employment agencies will help all currently unemployed people who are healthy and able to work to return to the labour market.

People who are able but unwilling to work, will be assigned to community service. If they refuse to do so, the living wage of approx. EUR 2,000.00 gross* awarded to them will be frozen until the person contributes to the community or accepts employment on the labour market.

Unemployment benefit will be cancelled.

(* conversion from schilling to euro depends on the respective inflationary development of the euro in the system)

The aim is to provide 4-generational assisted living. Families should grow together again. The generations should be able to learn from – and be there for – each other. Young and old will live together cohesively. 
The care system will restored to a healthy state to ensure that this can happen. 
The Grand Duchies cover the costs of caring for the family member concerned. 

Care allowance will be cancelled.

Care and assistance will be tailored to the needs of the individual person concerned. This will remove the need for financial support and subsidies for families. 
The Grand Duchies will provide for anyone in need of care. This covers basic care for eligible persons.

The Grand Duchy will provide everything necessary to ensure age-appropriate and humane care. Elderly people are entitled to dignified care, and the costs will be covered by the territories.

Das Sterbegeld entfällt.

This amount, or the costs incurred in the event of death, are included in the 25% levy and therefore covered. This means that the Grand Duchy will bear the costs of the funeral/burial in the event of death.

It is advisable to review current savings deposits and reserves and, if necessary, convert them into precious metals or gold-backed currencies.

Credit balances of up to EUR 10,000.00 will remain untouched.

Interest will not be charged on credit balances under the parliamentary monarchy. People will be able to accumulate savings. Everyone can save as much money as they like in order to build up their own financial reserves. 
It will be up to each person to decide what they want to acquire or buy with their personal money.

All payments will be processed in EUR for as long as the EUR payment system exists. The gold-backed currency, the schilling, is ready.

There are no provisions for any pending investment repayments or individual payment amounts from abroad. These payouts depend on several factors, such as the type of contract concluded in the respective territory and with the contractual partner based there.

The Grand Ducal Bank will be the sole bank in the territory of the Grand Duchies of Mecklenburg-Strelitz, Mecklenburg-Schwerin and the Duchy of Pomerania.

Loans taken out in the past will be treated as follows:

all loans taken out with a bank located outside the aforementioned territory must continue to be serviced in accordance with the agreed conditions, or the agreed instalments must be paid.

All loans taken out and concluded with a bank located within the territory of the Grand Duchies of Mecklenburg-Strelitz, Mecklenburg-Schwerin and the Duchy of Pomerania will be cancelled and set to ‘zero’. 
This gives everyone the unique opportunity to build a life without a burden of loans. 
There are no debts, no negative balances and no overdraft facilities.

Anyone wishing to build a house or planning a major purchase will have the option of taking out an interest-free loan from the Grand Ducal Bank. To do so, a joint financing plan is prepared and finalised before the money is handed over. The loan amount is transferred to the main account of the person in question after approval by the Grand Ducal Bank. The 100% repayment is made according to an individually defined payment plan, without interest payments. The interest system will be abolished. 

A positive or negative interest rate will no longer exist in future.

There will be no tax office for the private sector. The tax components in the private sector are already included in the 25% levy.

Cooperation with the tax office will continue in the area of business.

VAT is levied on all manufactured, produced and sold goods.
25% of the amounts generated must be paid by the companies, businesses and firms. The VAT amount will be readjusted as soon as the tax coffers in the territory of the Grand Duchies of Mecklenburg-Strelitz, Mecklenburg-Schwerin and the Duchy of Pomerania have been replenished.

There is no need for self-employed persons to take out additional cover or insurance. The 25% tax levy covers all the insurance that a self-employed person needs.

There will be no competent chamber (of commerce etc.), nor will there be any associations or trade unions. This means that all compulsory levies that are or were associated with these institutions will be cancelled. Every self-employed person will be responsible for themselves. 
Self-employed persons will not receive any subsidies or financial support from the Grand Duchy.

The double taxation agreement applies to any person from the Grand Duchies of Mecklenburg-Strelitz, Mecklenburg-Schwerin or the Duchy of Pomerania who works for a company located abroad.
This means that the employee must pay taxes that apply abroad. In addition, they must pay the 25% tax on the living wage provided to them domestically.